Latvia: electricity price reduces for households

From Q4 2019 onward the price of electricity has reduced, according to the latest market data from the Public Utilities Commission (SPRK). Prices benefit from warm weather and recovery of water reserves, which allows increasing the power production output at hydroelectric power stations. Last year’s lowest average monthly electricity price in Nord Pool exchange was…

Georgia: external debt at $18.6 billion

As of December 2019, the external debt of Georgia amounted to $18.6 billion, which was 105.1% of the gross domestic product of the year, said the National Bank of Georgia. During the fourth quarter of 2019, the gross external debt of Georgia increased by $729 million. Out of that, a $529.5-million increase was due to…



Georgia: products brought from Marneuli and Bolnisi municipalities absolutely safe

Agriculture Minister Levan Davitashvili has stated that products exported from Marneuli and Bolnisi quarantine zones in the country’s east are “absolutely safe and harmless” in terms of spread of the new coronavirus – COVID-19. “Products have to be brought from Marneuli and Bolnisi Municipalities and delivered to the Georgian markets, because they are absolutely safe…